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June 30, 2008

Southeast Asia Snaps?

Increasing number of data points suggesting that southeast Asia is under major stress. Currencies falling, countries are abandoning/cutting oil subsidies, and inflation is on a tear. Could we be at a breaking point?

More reading:

• Poverty-hit Bangladesh forced into huge fuel price hike (AFP)
• Vietnam's hard economic lesson for China (AsiaTimes)
• The case for lower fuel subsidy (Malaysian Star)
• China tells domestic oil producers to "dig deep" into potential (Xinhua)
• China airlines to raise fuel surcharge up to 50 pct (Reuters)

[Update] My friend @dickc suggest the following magnificent faux Variety headline for Vietnam's tumbling currency:

"No Hong Kong: Investors Long Dong Sing Swan Song"

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